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Legal status for relief from debts
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
Bankruptcy
Section of the United States Bankruptcy Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States.
Chapter 11, Title 11, United States Code
Chapter_11,_Title_11,_United_States_Code
Communication management method
Email bankruptcy is deleting or ignoring all emails older than a certain date, due to an overwhelming volume of messages. The term is usually attributed
Email_bankruptcy
A bankruptcy judge in the United States is a federal judicial officer who presides over a bankruptcy court. Bankruptcy judges are officers of the district
Bankruptcy_judge
2022 cryptocurrency exchange collapse
The bankruptcy of FTX, a Bahamas-based cryptocurrency exchange, began in November 2022. The collapse of FTX, caused by a spike in customer withdrawals
Bankruptcy_of_FTX
2008 bankruptcy of American investment bank
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage
Bankruptcy_of_Lehman_Brothers
In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution
Bankruptcy in the United States
Bankruptcy_in_the_United_States
City of Detroit's 2013 bankruptcy filing
of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated
Detroit_bankruptcy
Stock short title used for legislation
to bankruptcy. The Bankruptcy Act 1924 The Bankruptcy Act 1930 The Bankruptcy Act 1966 The Bankruptcy Ordinance 1932 The Bankruptcy (Amendment) Ordinance
Bankruptcy_Act
Topics referred to by the same term
Bankruptcy Code may refer to: Bankruptcy in Canada Bankruptcy in China Bankruptcy in the United States or Title 11 of the United States Code (a.k.a. the
Bankruptcy_Code
Courts created under Article I of the United States Constitution
States bankruptcy courts are federal tribunal courts created under Article I of the United States Constitution. The current system of bankruptcy courts
United States bankruptcy courts
United_States_bankruptcy_courts
A strategic bankruptcy may occur when an otherwise solvent company makes use of the bankruptcy laws for some specific business purpose other than simple
Strategic_bankruptcy
Form of debt relief for individuals
Personal bankruptcy law allows, in certain jurisdictions, an individual to be declared bankrupt. Virtually every country with a modern legal system features
Personal_bankruptcy
Condition caused by overuse of water resources
Water bankruptcy is a condition caused by an overuse of water resource for an extended period to the extent that leads to irreversible ecosystem damages
Water_bankruptcy
order to declare personal bankruptcy there, then returning to their original country of residence, to facilitate bankruptcy in a new jurisdiction where
Bankruptcy_tourism
finance, bankruptcy costs of debt are the increased costs of financing with debt instead of equity that result from a higher probability of bankruptcy. The
Bankruptcy_costs_of_debt
Section of United States federal statute
is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under
Chapter 7, Title 11, United States Code
Chapter_7,_Title_11,_United_States_Code
Bankruptcy prediction is the art of predicting the bankruptcy and various measures of financial distress of public firms. It is a vast area of finance
Bankruptcy_prediction
Visual trope used to represent extreme poverty
The bankruptcy barrel is a visual symbol, primarily of the 20th century, used in cartoons and other media as a token of destitution. Not intended to be
Bankruptcy_barrel
Bankruptcy in Florida is made under title 11 of the United States Code, which is referred to as the Bankruptcy Code. Although bankruptcy is a federal procedure
Florida_bankruptcy_law
Corporate scandal
£13bn) hole in its accounts, in what remains Europe's biggest bankruptcy. The Parmalat bankruptcy greatly affected football team AC Parma, in which Parmalat
Parmalat_bankruptcy_timeline
Trusts to pay asbestos injury claims and legal fees
Asbestos bankruptcy trusts are trusts established by firms that have filed for reorganization under Chapter 11 of the United States Bankruptcy Code to
Asbestos_bankruptcy_trusts
Canadian statute
The Bankruptcy and Insolvency Act (BIA; French: Loi sur la faillite et l'insolvabilité) is one of the statutes that regulates the law on bankruptcy and
Bankruptcy_and_Insolvency_Act
The Superintendent of Bankruptcy is a Canadian government official who heads the Office of the Superintendent of Bankruptcy, a regulatory agency operating
Superintendent of Bankruptcy (Canada)
Superintendent_of_Bankruptcy_(Canada)
Entity insulated from group bankruptcy
A bankruptcy remote company is a company within a corporate group whose bankruptcy has as little economic impact as possible on other entities within the
Bankruptcy_remote
Releases individual or business from debts to creditors
A bankruptcy discharge is a court order that releases an individual or business from specific debts and obligations they owe to creditors. In other words
Bankruptcy_discharge
filing in the United States Bankruptcy Court for another person. Bankruptcy petition preparers are authorized in the bankruptcy code under 11 U.S.C. §110
Bankruptcy_petition_preparer
Entity, often an individual, in charge of administering a bankruptcy estate
A trustee in bankruptcy is an entity, often an individual, in charge of administering a bankruptcy estate. In Canada, a licensed insolvency trustee (LIT)
Trustee_in_bankruptcy
The Accountant in Bankruptcy (AiB) is the Scottish government agency responsible for administering the process of personal bankruptcy and corporate insolvency
Accountant_in_Bankruptcy
Act of the Parliament of India
Insolvency and Bankruptcy Code (IBC), 2016 is an Indian law which creates a consolidated framework that governs insolvency and bankruptcy proceedings for
Insolvency and Bankruptcy Code, 2016
Insolvency_and_Bankruptcy_Code,_2016
in bankruptcy, in United States bankruptcy law, is a document filed with the Court so as to register a claim against the assets of the bankruptcy estate
Claim_in_bankruptcy
Value of a person's assets minus their liabilities
given time. The issue is of special legal significance on a question of bankruptcy and death of the person. (See inheritance.) Depending on the particular
Estate_(law)
2001 accounting scandal
scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001
Enron_scandal
number of major airlines have declared bankruptcy and have either ceased operations, or reorganized under bankruptcy protection. Airlines, like any business
List of airline bankruptcies in the United States
List_of_airline_bankruptcies_in_the_United_States
Regulator of insolvency proceedings in India
The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies
Insolvency and Bankruptcy Board of India
Insolvency_and_Bankruptcy_Board_of_India
Enterprise Bankruptcy Law of the People's Republic of China (trial Implementation) was first passed in 1986. On 1 June 2007, the new Enterprise Bankruptcy Law
Bankruptcy_in_China
Defunct American energy company
relatively small regional companies at the time of the merger. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was
Enron
Alternatives to declaring personal bankruptcy
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. In most cases personal bankruptcy
Bankruptcy_alternatives
2005 American bill
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub. L. 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative
Bankruptcy Abuse Prevention and Consumer Protection Act
Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act
Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ("BIA"). The legislation is complemented by regulations, as well as directives
Consumer_bankruptcy_in_Canada
Cayman Islands bankruptcy law is principally codified in five statutes and statutory instruments: the Bankruptcy Law (1997 Revision) the Companies Law
Cayman_Islands_bankruptcy_law
major reasons for the closure. The company had considered filing for bankruptcy prior to the announcement. Later, in May 2024, it was reported that Dollar
List of retailers affected by the retail apocalypse
List_of_retailers_affected_by_the_retail_apocalypse
Problem in mathematical sociology
A bankruptcy problem, also called a claims problem, is a problem of distributing a homogeneous divisible good (such as money) among people with different
Bankruptcy_problem
Bankruptcy in the United Kingdom is divided into separate local regimes for England and Wales, for Northern Ireland, and for Scotland. There is also a
Bankruptcy in the United Kingdom
Bankruptcy_in_the_United_Kingdom
British Virgin Islands bankruptcy law is principally codified in the Insolvency Act, 2003, and to a lesser degree in the Insolvency Rules, 2005. Most of
British Virgin Islands bankruptcy law
British_Virgin_Islands_bankruptcy_law
A bankruptcy risk score is a number that indicates the likelihood of an individual or a commercial entity filing for bankruptcy. Although it has been
Bankruptcy_risk_score
Type of lawsuit
in bankruptcy is a type of lawsuit in the American legal system. It is distinguished from other suits by being filed in a United States bankruptcy court
Adversary proceeding in bankruptcy (United States)
Adversary_proceeding_in_bankruptcy_(United_States)
Chapter of the United States Bankruptcy Code
Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the
Chapter 9, Title 11, United States Code
Chapter_9,_Title_11,_United_States_Code
Court of Bankruptcy was an Australian court that was established in 1930, pursuant to Chapter III of the Constitution. The jurisdiction in bankruptcy was shared
Federal_Court_of_Bankruptcy
Bankruptcy of Swedish car company Saab
struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of
Bankruptcy_of_Saab_Automobile
American federal law addressing bankruptcy protection
The Bankruptcy Act of 1898 ("Nelson Act", July 1, 1898, ch. 541, 30 Stat. 544) was the first United States Act of Congress involving bankruptcy to give
Bankruptcy_Act_of_1898
U.S. federal court administrator
A Referee in Bankruptcy or Bankruptcy Referee was a federal official with quasi-judicial powers, appointed by a United States district court to administer
Referee_in_Bankruptcy
Act of the Parliament of England
The Bankruptcy Act 1705 (4 & 5 Ann. c. 4) was an act of the Parliament of England. Under the act, the Lord Chancellor was given power to discharge bankrupts
Bankruptcy_Act_1705
Problem in mathematical sociology
A strategic bankruptcy problem is a variant of a bankruptcy problem (also called claims problem) in which claimants may act strategically, that is, they
Strategic_bankruptcy_problem
Academic journal
American Bankruptcy Law Journal is a peer-reviewed law review focusing on bankruptcy issues. It is published by the National Conference of Bankruptcy Judges
American Bankruptcy Law Journal
American_Bankruptcy_Law_Journal
When a sovereign entity fails to pay its debts
frequently difficult. Such willful defaults (the equivalent of strategic bankruptcy by a company or strategic default by a mortgager, except without the possibility
Sovereign_default
Act of the Parliament of the United Kingdom
The Bankruptcy Act 1883 (46 & 47 Vict. c. 52) was an act of the Parliament of the United Kingdom that amended and consolidated the law of bankruptcy in
Bankruptcy_Act_1883
City in California, United States
9 bankruptcy. On April 1, 2013, the United States Bankruptcy Court Eastern District of California ruled that Stockton was eligible for bankruptcy protection
Stockton,_California
Bankruptcy law reform
The National Bankruptcy Conference (NBC) is a nonpartisan, nonprofit organization of approximately 60 judges, lawyers, and academics. The NBC's primary
National Bankruptcy Conference
National_Bankruptcy_Conference
2004 arena bankruptcy in Portland, Oregon
The Rose Garden bankruptcy occurred in 2004 when the Rose Garden in Portland, Oregon was the subject and primary asset in a bankruptcy filing, shifting
Rose_Garden_arena_bankruptcy
Federal legislation in the United States
The Bankruptcy Act of 1800 was the first piece of federal legislation in the United States surrounding bankruptcy. The act was passed in response to a
Bankruptcy_Act_of_1800
Company reorganization
the petition for bankruptcy on April 30, 2009, of Chrysler car company and 24 of its affiliated subsidiaries with the federal bankruptcy court in New York
Chrysler Chapter 11 reorganization
Chrysler_Chapter_11_reorganization
American independent film production and distribution company (2005–2018)
followed, led to the company's decline. The studio eventually declared bankruptcy in February 2018, with independent studio Lantern Entertainment acquiring
The_Weinstein_Company
US states defaulting on their debt
state. Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. Certain politicians
State defaults in the United States
State_defaults_in_the_United_States
following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) At Home Big Lots Brookstone Claire's Envision
List of private equity owned companies that have filed for bankruptcy
List_of_private_equity_owned_companies_that_have_filed_for_bankruptcy
The history of bankruptcy law begins with the first legal remedies available for recovery of debts. Bankruptcy is the legal status of a legal person unable
History_of_bankruptcy_law
United States Act of Congress regulating bankruptcy
The Bankruptcy Reform Act of 1978 (Pub. L. 95–598, 92 Stat. 2549, November 6, 1978) is a United States Act of Congress regulating bankruptcy and established
Bankruptcy_Reform_Act_of_1978
Investigator of a bankruptcy case
Bankruptcy examiners are investigators of bankruptcy cases. Whereas the role of the trustee is to operate the business of the debtor, the role of the examiner
Bankruptcy_examiner
Act of the Parliament of the United Kingdom
The act 6 Geo. 4. c. 16, sometimes called the Bankruptcy Act 1825, the Bankrupt Act, the Bankrupts Act 1825 or the Bankrupts England Act 1825, was an act
Bankruptcy_Act_1825
American multinational engineering, procurement, construction and installation company
announced that it had filed for Chapter 11 bankruptcy, cancelling all shares of common stock. The bankruptcy case was filed as prepackaged restructuring
McDermott_International
2009 bankruptcy filing by American automobile manufacturer General Motors
through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed
General Motors Chapter 11 reorganization
General_Motors_Chapter_11_reorganization
Maneuver to access bankruptcy
A Texas two-step bankruptcy (sometimes just Texas two-step) is a two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company
Texas_two-step_bankruptcy
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy. As the legal regime
History of bankruptcy law in the United States
History_of_bankruptcy_law_in_the_United_States
Largest bankruptcy in U.S. history in 1970
American railroad company Penn Central Transportation Company declared bankruptcy on June 21, 1970, two and a half years after its formation by the merger
Bankruptcy_of_Penn_Central
A Bankruptcy Appellate Panel (abbreviated BAP) is authorized by 28 U.S.C. § 158(b) to hear, with the consent of all parties, appeals from the decisions
Bankruptcy_Appellate_Panel
American telecommunications company (1983–2006)
telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in July 2002 after an accounting scandal, in which several executives
WorldCom
American pharmaceutical company (1892–2019)
that would stop the bankruptcy judge in the case from granting members of the Sackler family legal immunity during the bankruptcy proceedings. The House
Purdue_Pharma
The United States Bankruptcy Court for the District of Utah is the United States bankruptcy court in Utah. It is associated with the United States District
United States Bankruptcy Court for the District of Utah
United_States_Bankruptcy_Court_for_the_District_of_Utah
American real estate developer
managing apartments and mid-size office parks in Seattle. He declared bankruptcy in 2009. Mastro and his wife, Linda, a former Bellevue grade school teacher
Michael_Mastro
Anguillan bankruptcy law regulates the position of individuals and companies who are unable to meet their financial obligations. Bankruptcy of individuals
Anguillan_bankruptcy_law
Federal Law No. 127-FZ "On Insolvency (Bankruptcy)". Previously, Federal Law No. 40-FZ "On Insolvency (Bankruptcy) of Credit Institutions" was also in force
Insolvency_law_of_Russia
American regional sports network group
In 2023, Diamond Sports Group filed for Chapter 11 bankruptcy protection; during the bankruptcy, the company began to lose some of its sports rights
FanDuel_Sports_Network
Capital city of Pennsylvania, United States
Harrisburg filed for Chapter 9 bankruptcy when four members of the seven-member City Council voted to file a bankruptcy petition to prevent the Pennsylvania
Harrisburg,_Pennsylvania
United States legal procedure directions
United States bankruptcy courts. They are the bankruptcy law counterpart to the Federal Rules of Civil Procedure. Title I of the Bankruptcy Amendments and
Federal Rules of Bankruptcy Procedure
Federal_Rules_of_Bankruptcy_Procedure
The proportional rule is a division rule for solving bankruptcy problems. According to this rule, each claimant should receive an amount proportional to
Proportional rule (bankruptcy)
Proportional_rule_(bankruptcy)
Act of the Parliament of the United Kingdom
The Bankruptcy (Scotland) Act 1856 (19 & 20 Vict. c. 79) was an act of the Parliament of the United Kingdom that consolidated enactments related to bankruptcy
Bankruptcy (Scotland) Act 1856
Bankruptcy_(Scotland)_Act_1856
Act of the Parliament of the United Kingdom
The Bankruptcy Act 1914 (4 & 5 Geo. 5. c. 59) is an act of the Parliament of the United Kingdom which formed the primary source of UK insolvency law for
Bankruptcy_Act_1914
Official appointed to administer the estate of a bankrupt
A Commissioner of Bankruptcy (England and Wales) was, from 1571 to 1883, an official appointed (initially by commission of the Lord Chancellor) to administer
Commissioner of Bankruptcy (England and Wales)
Commissioner_of_Bankruptcy_(England_and_Wales)
American organization
The American Bankruptcy Institute is an organization of over 13,000 bankruptcy and insolvency professionals, including attorneys, judges, law professors
American_Bankruptcy_Institute
Financial consequences of cases
Settlements and bankruptcies in Catholic sex abuse cases have affected dioceses, whose compensation payments have totaled in the billions of dollars. According
Settlements and bankruptcies in Catholic sex abuse cases
Settlements_and_bankruptcies_in_Catholic_sex_abuse_cases
Widespread decline in physical retail stores
more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising costs, leveraged buyouts, low quarterly profits
Retail_apocalypse
Defunct American discount store chain
the new global market and suburban developments. This resulted in two bankruptcy filings that ultimately put an end to the chain. The company, despite
Ames_Department_Stores
Law of Ireland
Bankruptcy in Irish Law is a legal process, supervised by the High Court whereby the assets of a personal debtor are realised and distributed amongst his
Bankruptcy Law in the Republic of Ireland
Bankruptcy_Law_in_the_Republic_of_Ireland
Act of the Parliament of the United Kingdom
The Bankruptcy Repeal and Insolvent Court Act 1869 (32 & 33 Vict. c. 83) was an act of the Parliament of the United Kingdom that amended and repealed enactments
Bankruptcy Repeal and Insolvent Court Act 1869
Bankruptcy_Repeal_and_Insolvent_Court_Act_1869
Defunct gaming and hospitality company
who after 2004 held only a minority ownership. The company filed for bankruptcy in 2004, 2009 and 2014. It became a subsidiary of Icahn Enterprises in
Trump_Entertainment_Resorts
Latin American airline holding company
Exchange and New York Stock Exchange. The company filed for Chapter 11 bankruptcy in the United States on 26 May 2020, due to economic problems attributed
LATAM_Airlines
U.S. ultra-low-cost airline (1992–2026)
Spirit independent but weakened financially. Spirit filed for Chapter 11 bankruptcy protection in November 2024 and briefly emerged from restructuring in
Spirit_Airlines
United States federal law
The Frazier–Lemke Farm Bankruptcy Act was an Act of Congress passed in the United States in 1934 that restricted the ability of banks to repossess farms
Frazier–Lemke Farm Bankruptcy Act
Frazier–Lemke_Farm_Bankruptcy_Act
Act of the Scottish Parliament
The Bankruptcy (Scotland) Act 2016 (asp 21) is an act of the Scottish Parliament. It forms the key legislative provisions behind the law of bankruptcy in
Bankruptcy (Scotland) Act 2016
Bankruptcy_(Scotland)_Act_2016
Act of the Parliament of the United Kingdom
The Bankruptcy Act 1869 (32 & 33 Vict. c. 71) was an act of the Parliament of the United Kingdom that amended and consolidated enactments related to bankruptcy
Bankruptcy_Act_1869
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